Re:Taxpayers Should Never Subsidize Stadiums
by rexpop on Sunday January 06, 2019 @01:25AM
(#18836902)
Very few Americans own land, and very few would benefit from such a land value rise.
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Re:Taxpayers Should Never Subsidize Stadiums
by onetimemanytime on Sunday January 06, 2019 @02:32AM
(#18837114)
He who owns a home, owns land (unless some other arrangement is made??)
Re:Taxpayers Should Never Subsidize Stadiums
by sgt101 on Sunday January 06, 2019 @04:37AM
(#18837462)
It's very different. If you own a home next to the stadium you will likely loose out because every match day is a hell day for you (gridlock, noise, pollution) and the construction traffic will also be horrible. The money you will get for your house will likely be less than the money you will get before the stadium comes. On the other hand if you own a few "lots" or a strip of land near the stadium then you will make much money - a simple play is to turn the tumbleweed into parking, and sure as eggs are eggs you'll get $20 + per car sized space per match, which is a lot more than little or nothing! More investment and you could put cheap 5+1 development there, the retail can be focused on food and fan shops, the apartment will appeal to incomers.